Dogecoin price has rallied since October, and data suggests it’s set to go much higher.
Dogecoin (DOGE) is one of the top-performing crypto assets, with an 12% rise over the past 24 hours. The memecoin has gained positive sentiment as the US presidential election results edge closer, with the markets largely anticipating a Republican party victory.
In Q4, Dogecoin is up 65% since Oct. 1, and if Donald Trump is elected as the 47th US president, the crypto asset might exhibit another 30% rise within hours.
Master Kenobi, an independent crypto analyst, mentioned that with respect to the US presidential elections, DOGE remains the most “strategically positioned” cryptocurrency.
